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Tongda Hong Tai Holdings Ltd ( (HK:2363) ) has issued an announcement.
Tongda Hong Tai Holdings Limited has announced a positive profit alert, indicating a significant turnaround from a loss to a profit for the first half of 2025. The company’s revenue increased to approximately HK$50,206,000, up from HK$21,181,000 in the same period in 2024, with a net profit of approximately HK$5,204,000 compared to a net loss of HK$23,674,000 in the previous year. This improvement is attributed to the launch of a new business segment in robot vacuum casing, better gross profit margins through strategic optimization and cost control, reduced impairment on assets, and favorable currency exchange gains.
The most recent analyst rating on (HK:2363) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tongda Hong Tai Holdings Ltd stock, see the HK:2363 Stock Forecast page.
More about Tongda Hong Tai Holdings Ltd
Tongda Hong Tai Holdings Limited is a company incorporated in the Cayman Islands, operating with a focus on manufacturing, particularly in the robot vacuum casing segment. The company is listed on the Stock Exchange of Hong Kong.
Average Trading Volume: 31,599
Technical Sentiment Signal: Hold
Current Market Cap: HK$85.77M
See more insights into 2363 stock on TipRanks’ Stock Analysis page.